A New York power plant sells 30% of its computing power to institutional buyers for Bitcoin mining

According to Coindesk, the Greenidge Generation power plant in northern New York State is using proprietary facilities to mine Bitcoin (BTC), and the company has sold up to 30% of its computing power to institutional buyers. The company said in its announcement on Friday that this transaction sold 106,000 terahashes (TH / s) of bitcoin computing power per second to undisclosed buyers, including hedge funds and family offices, driven by BitOoda Digital. This transaction is implemented by executing BitOoda's hash contract, which allows institutional buyers to access Bitcoin mining without having to purchase and set up equipment.